Is the CPI number a trade?
Yo Pit Crazies, Licia and I will do Big Money Shopper tonight at 7pm. I will channel my best Mark and companion on BMF to represent the flow side. Be there! Consumer Price Index (CPI) is a big number for Friday. Just the hint of a pumping economy sent stocks down 1.6% on Friday and […]
4200 is the Bridge too Far
Yo Pit Crazies, Stocks once again got close to 4,200 last week, but the S&P 500 failed to make the leap. Vol Man is going over the falls on the SPX because the economic news was – wait for it – too good. SPX 10-day chart with one-minute candles. There is a trade here, but […]
BMF Show MU 06.03.2022
Stocks crave stability above all else
Yo Pit Crazies, As of this writing, the VIX is 24.71, and the S&P 500 is 4,164. It’s a Mystery Chart! What is really nutty is that intraday volatility in SPX is closer to 32%. My question is how long can this go on – or is VIX pointing to a big slowdown in market […]
Market is getting tired
Yo Pit Crazies This is what things looked like mid-day on Wednesday: Stocks down a bit, VIX down a bit … but something is not falling off the cliff like it should be: Short-term VIX – VIX 9 DAY (VIX9D) – is only just dripping down. I think that is a problem. Here’s what to […]
BMF Show WEN ARRY KHC 05.27.2022
Mining the Gold in the VIX Futures Curve
Yo Pit Crazies, If you want to see something interesting in options markets, take a look at the VIX futures curve. When you learn how to read the curve, it will change your trading. You can use it to hedge, speculate or create trades that pay in either direction. The best part is grabbing positive […]
BMF Show: CHPT GRUB ICLN 05.31.2022
Oil Sets a High for 2022
Yo Pit Crazies, I hope you had a good three-day weekend. (And that you actually had a three-day weekend. Not everyone gets those!) I went fishing Monday but watched the fish swim under the dock where I was set up. I had the wrong bait. My buddy had the right minnow lure and pulled out […]
Happy Memorial Day! Will the Bear Market go back into hibernation?
Yo Pit Crazies, Memorial Day is a good day to be thankful to all who have gone before us. Much appreciation to those who gave their all. *** Mark and Licia hit it out of the park on Thursday so if you want to navigate the turbulent market go check out Big Money Shopper. I […]